WMG Releases Fiscal Year-End Report
Warner Music Group Corp. today (Dec. 11) announced its full-year financial results for the period ended Sept. 30, 2014.
Total revenue increased 5.2 percent to $3.02 billion. Total digital revenue grew 10.9 percent to $1.2 billion and represented 39.5 percent of total revenue.
Net loss was $303 million.
Recorded music revenue grew 5.6 percent to $2.5 billion, due to income from Parlophone Label Group, which WMG purchased last year. Digital revenue from recorded music grew 10.4 percent to $1.1 billion.
Music publishing revenue rose 3 percent to $517 million.
Sarah Skates has been a writer and editor in the music business since 2004. She is a longtime contributor to MusicRow.
Latest posts by Sarah Skates (see all)
Leave a Reply
Want to join the discussion?Feel free to contribute!